According to the economic way of thinking, elected government officials tend to favor
A) contractionary monetary policies.
B) contractionary fiscal policies.
C) expansionary monetary and fiscal policies.
D) monetary and fiscal policies consistent with the public interest.
C
You might also like to view...
Technologically efficient production plans are also economically efficient.
Answer the following statement true (T) or false (F)
Explain how product liability laws can reduce adverse selection
What will be an ideal response?
The difference between the equivalent variation and compensating variation is greater for goods with large income elasticities
Indicate whether the statement is true or false
Which of the following describes the vicious circle of poverty?
a. Because resources are limited, all economies eventually become poor. b. In the long run, economies cycle between being rich and being poor.c. For an economy to grow requires more consumption goods, which requires less capital goods, which means it will eventually become poor d. Due to excessive consumption, rich economies will destroy their resource base and eventually become poor. e. Poor economies are poor because they do not produce sufficient capital goods, and without the production of sufficient capital goods, they remain poor.